East Yorkshire MP Sir Greg Knight is calling for all service stations to pass on falling fuel prices to motorists following the continued drop in crude oil prices.
Crude oil has fallen below $30 (US) a barrel for the first time in more than 10 years. It has also fallen by nearly 75% since last summer. Some analysts are predicting it will fall further still. However there is concern that some oil companies and filling stations are not passing on the full savings to motorists.
Sir Greg said: “This should be good news, especially for people in rural areas. However it is disappointing that some greedy retailers are keeping their forecourt prices high and using the softening of crude oil prices as an opportunity for blatant profiteering.”
Sir Greg added: “Now, more than ever it is important to shop around for fuel. Some forecourts are rightly selling unleaded petrol for under £1 a litre but others are holding onto last year’s high prices. Motorists should force them to put an end to their profiteering by taking their business elsewhere”.